secwatch.observer — SEC 8-K summary
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Issuer:     DIGI INTERNATIONAL INC (DGII)
CIK:        0000854775
Form:       8-K
Filed at:   2021-12-23T23:59:59+00:00
Accession:  0001104659-21-153199
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Digi enters $350M term loan B and $35M revolver credit facility with BMO
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- Third amended credit agreement with BMO Harris provides $350M term loan B and $35M revolving loan facility.
- Term loan bears interest at LIBOR + 5.00% (floor 0.50%); revolver margin ranges from 3.75% to 4.00% over LIBOR.
- Proceeds refinance term loans from the November 2021 Ventus acquisition; no additional proceeds received.
- Term loan amortizes at 5.00% per annum of original principal, maturing in 7 years; revolver matures in 5 years.
- Revolver includes $10M letter of credit and $10M swingline subfacilities; commitment fee 0.375%-0.50%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/854775/000110465921153199/0001104659-21-153199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/854775/000110465921153199/tm2136223d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-153199

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